According to a new market report published by Lucintel, the future of the global digital fitness market looks promising with opportunities in smart wearable fitness devices and smart wearable sports devices. The global digital fitness market is expected to reach an estimated $27.4 billion by 2022 and is forecast to grow at a CAGR of 32.6% from 2017 to 2022. The major drivers for the growth of this market are increasing awareness on fitness, rising demand of user-friendly and self-monitoring devices.

In this market, smartwatch, fitness wristband, smart clothing, and smart shoe are used to monitor and track fitness related activities. Digital fitness devices are tracking devices, that is, they are either worn or attached to the body part. On the basis of comprehensive research, Lucintel forecasts that the smartwatch segment is expected to witness significant growth during the forecast period due to their versatile features as a wristband.

Within global digital fitness market, smartwatch is expected to remain the largest segment by product type. Multi functionality features, growing health awareness, and rising in disposable income are the major driving factors that spur growth for this segment over the forecast period.

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North America is expected to remain the largest region due to an increasing obesity rate and growing awareness on physical fitness with the availability of a more sophisticated digital wearable fitness device.

APAC is expected to witness the highest growth rate over the forecast period due to growing adoption rate, technological advancements, and rising urbanization with awareness towards fitness.

Emerging trends, which have a direct impact on the dynamics of the industry, include integration and cross-compatibility of personal health data and introduction of cross over products. Fitbit, Inc., Apple, Inc., Garmin, Ltd., Samsung Electronics Co. Ltd., and Adidas AG are among the major suppliers of digital fitness market.

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/digital-fitness-market-2017-2022.aspx or [email protected]

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.